the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … of household consumption has diminished since the crisis. However, household balance sheets are not the culprit …. Households with higher debt levels and lower shares of liquid assets are the most responsive to monetary policy, and the share of …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the …-to-day sustainability of the debt, rather than its overall sustainability, that leads households to reduce their consumption. To explore …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …